210 10th St SE - Hospitality FOR SALE


Oelwein, IA 50662
$1,300,000 USD
712-203-8112
210 10th St SE, Oelwein, IA for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/40
null | 13.85% Cap Rate

210 10th St SE
Oelwein, IA 50662


HIGHLIGHTS

  • Branded Super 8 by Wyndham hotel with immediate operational stability
  • Onsite managerial residence
  • Strategic location near U.S. Highway 150 capturing regional traveler demand
  • Ample on-site parking accommodating cars, trucks, and RVs
  • Strong visibility and established economy-segment positioning
  • Average Daily Rate of $80 providing a solid baseline for revenue growth

OVERVIEW

Offered for sale is a 40 room, franchised Super 8 by Wyndham hotel located at 210 10th Street SE, Oelwein, Iowa, providing convenient access to U.S. Highway 150 and serving regional, business, and pass-through travelers. The property operates as a fully functioning, revenue-generating hotel under a long-term Super 8 by Wyndham franchise agreement. The hotel sits on a dedicated hospitality site with ample on-site parking, including space for larger vehicles and RVs. Improvements include guest rooms, front desk and reception area, housekeeping and laundry facilities, storage areas, and exterior signage with strong roadway visibility. The asset is positioned in the economy lodging segment, benefiting from national brand recognition and centralized reservation systems. Current operations reflect an average annual occupancy of approximately 30% with an Average Daily Rate (ADR) of $80, presenting clear upside through operational efficiencies, revenue management, and local market capture. The property serves a stable mix of leisure travelers, regional road traffic, and business guests, including bookings through corporate lodging platforms.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$75 USD /SF

# OF ROOMS

40

PRICE/ROOM

$32,500 {currency}

CAP RATE

13.85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Oelwein

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

Commercial

APN/PARCEL ID

18-28-405-002

ASK ABOUT THIS PROPERTY

Zulfiqar AliMedallion Food and Beverage LLCMore Info
712-203-8112

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Zulfiqar AliMedallion Food and Beverage LLCMore Info
712-203-8112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.